In reply to @ben_moll
18. (follow up on 15.) @BASF now even advertise their substitution prowess in their analyst conference calls: - “preparations to substitute natural gas are progressing well” - “Continued operation at Ludwigshafen site is ensured down to 50% of BASF’s maximum natural gas demand”
@ben_moll | 20,430 followers
Replying to @ben_moll
19. (Follow-up on 5.) Remember that poor @ArcelorMittal manager who essentially said “we could of course substitute by importing metal inputs, but it really wouldn’t be good for our bottom line”? Guess what they ended up doing: nytimes.com/2022/07/30/bus… HT @SteveCicala
In reply to @ben_moll
5. This article cites an Arcelor-Mittal manager essentially saying: we could, of course, import inputs for steel production from abroad. But we'd rather not bc it's expensive. Also, saving additional gas would result in lower production. Shocking I know. faz.net/aktuell/wirtsc… pic.twitter.com/BugjbsjUO3

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